Federal Income Taxation of Debt Instruments (2007 Supplement) [Ring-bound]

David C. Garlock (Author)

Book Description

ISBN-10: 080801644X | ISBN-13: 978-0808016441 | Publication Date: December 15, 2007 | Edition: Unbnd/Cdr

Federal Income Taxation of Debt Instruments is the definitive reference for the many complicated issues involved with debt instruments. This comprehensive treatise contains clear interpretations of the basic rules governing original issue discount and imputed interest and detailed coverage of many specialized topics. In addition to complete coverage of the final OID regulations, the book covers virtually every aspect of the taxation of debt instruments and many related areas. Mailing with the 2007 Supplement is a special CD ROM that contains Microsoft® Excel® spreadsheets that accompany the tables and examples found in the text of Federal Income Taxation of Debt Instruments, Fifth Edition. The 2007 Supplement features the following new enhanced coverage: -Proposed regulations for funds held by qualified intermediaries in like-kind exchanges. -Student loans. -Production payments. -Final regulations dealing with Widely Held Fixed Investment Trusts. -Effect of a section 754 election on market discount. Proposed regulations under section 1221(a)(4) that would reverse the holdings in the Burbank Liquidating and Fannie Mae cases. PLR 200630002, which involved the question of whether a conversion of a debt obligor to an LLC is a significant modification. Section 752 regulations. Kerbaugh Empire case. Section 2006 was revised to reflect substantial changes to the inbound interest apportionment rules of Reg. §1.882-5. IRS enforcement initiative under the withholding tax rules.

Editorial Reviews

From the Publisher

Updated annually --This text refers to an out of print or unavailable edition of this title.

About the Author

David C. Garlock is a partner in the National Tax Department of Ernst & Young LLP in the Washington, D.C. office, specializing in the taxation of financial instruments and products. From 1986 to 1995, he was a tax partner in the Washington, D.C. office of Dewey Ballantine. Mr. Garlock was an attorney in the U.S. Department of Treasury s Office of Tax Policy from 1982 through 1986 and served as Associate Tax Legislative Counsel. He was the principal author of the 1986 proposed OID regulations and was also an active participant in the development of the 1986 legislation relating to mortgage-backed securities. Mr. Garlock is the author of numerous articles on the taxation of financial products and is an Adjunct Professor of Law at the Georgetown University Law Center. He received is a graduate of Harvard College and recieved his J.D. from Harvard Law School in 1979.

Product Details

• Ring-bound: 1368 pages
• Publisher: CCH, Inc.; Unbnd/Cdr edition (December 15, 2007)
• Language: English
• ISBN-10: 080801644X
• ISBN-13: 978-0808016441
• Product Dimensions: 10.1 x 9.3 x 3.7 inches
• Shipping Weight: 4 pounds
• Amazon Best Sellers Rank: #5,361,526 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.